$LIGHT “the peak is still hot, buyers are starting to gasp”
LIGHT just shot straight up to 1.6662 like a dive into the spotlight... then froze at 1.58. The small candles above are not calm — that's the moment everyone looks at each other: the one holding the goods wants to close, the one chasing starts to tremble.
Why Short is currently “a better deal” (scalp/mean reversion)
• RSI(12) 67.65 | RSI(24) 65.43: hot zone, easy to “exhale” after the pump.
• MACD is still positive (DIF 0.0910 > DEA 0.0821, hist 0.0089) but is at a peak phase → just one dip in strength can quickly fall back to support.
• Price is stuck under the peak 1.6662 → just like “standing on the edge of the profit-taking pit”.
Trading Plan (Short) $LIGHT
Setup A — Short “hit on the breathless drop” at the peak area
• Entry: 1.62 – 1.66 (waiting for rejection near the peak, not chasing the candle)
• Stop Loss (SL): 1.705 (clearly surpassing the peak + opening margin, Short wrong)
• Take Profit (TP):
• TP1: 1.508 (near support around 1.5077)
• TP2: 1.45
• TP3: 1.30 (deep retracement area around 1.30xx)
Setup B — Short “wait for the break before killing”
• Entry: 1.56 – 1.57 (when the price loses the holding area above)
• Stop Loss (SL): 1.62
• Take Profit (TP): 1.508 → 1.45 → 1.30
The threshold for survival to avoid being swept
• Psychological resistance: 1.6662
• Near support: 1.58 → 1.5077 (losing it will slide very quickly)
$LIGHT
This is the type of chart where profit lies in the slide down after the fireworks go out — do you want to Short straight in the 1.62–1.66 range to catch the sell-off, or wait for the break at 1.56 before striking to ensure safety?
